According to AMBCrypto, Strategy (formerly MicroStrategy), the world’s largest corporate Bitcoin holder, is lobbying index provider MSCI to prevent its removal from major indices by 15 January. MSCI is considering excluding companies whose business model centers on buying cryptocurrencies, citing concerns they function like ineligible investment funds. If removed, it could trigger significant forced outflows and impact MSTR’s valuation and liquidity. JPMorgan estimates potential outflows of $2.8 billion, or $8.8 billion if other index providers follow. Strategy’s inclusion in MSCI indices has been vital to its capital-raising model, but its stock has fallen over 37% this year, while Bitcoin has remained relatively stable. Saylor argues Strategy is a software company using Bitcoin as 'productive capital,' not a crypto fund, but JPMorgan warns the exclusion could damage investor confidence and future fundraising.
Strategy Lobbies MSCI to Avoid Index Exclusion Amid Bitcoin Exposure Concerns
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